a perpetuity pays $280 per year and interest rates are 6.7 percent. how much would its value change of interest rates increased to 8.2

Problem 5-27 Present Value of a Perpetuity (LG5-5) A perpetuity pays $280 per year and interest rates are 6.7 percent. How much would its value change if interest rates increased to 8.2 percent? (Round your answer to 2 decimal places) Change in value Did the value increase or decrease? O decrease increase